OKX Partners with BitGo for US Institutional Settlement

OKX, a global cryptocurrency exchange, announced on April 23, 2026, a partnership with digital asset custodian BitGo to integrate off-exchange settlement services for institutional clients in the United States. The collaboration allows institutions to access OKX's trading liquidity while keeping their assets in BitGo's regulated cold custody, eliminating the need to prefund accounts on the exchange.

Under the new framework, trades execute through BitGo's Off-Exchange Settlement platform, which handles custody, execution, and settlement in a unified process. This setup reduces counterparty risk by preventing assets from being transferred to the exchange before transactions and improves capital efficiency by minimizing idle funds. BitGo, which has secured digital assets since 2013, provides regulated custody with up to $250 million in insurance coverage, ensuring assets remain segregated and protected from exchange-related vulnerabilities.

The integration aligns with OKX's focus on building institutional-grade infrastructure in the US market. Institutions can retain their existing custody arrangements while tapping into OKX's full trading capabilities, including spot, derivatives,...